“We see a tipping point between the two in five to seven years, which will help balance our revenues.”
VW Group CEO Matthias Müller believes in a “good co-existence between combustion and electrified models”. And as he expects costs of batteries and other EV components to fall significantly in the upcoming years, so both could be equally profitable around 2023.
“As much as I like Elon Musk, and he’s a good friend and actually he’s done a phenomenal job of marketing Tesla, I remain unconvinced of a … economic viability of the model that he’s pitching.”
Fiat Chrysler CEO Sergio Marchionne does not get tired to share his sceptical thoughts, doubting that electrification really makes sense. In his latest statement he says that the whole car industry – including Tesla – still has no “viable economic model for delivering an electric car”.